Meadowbrook, ProCentury Shareholders Back Deal

Meadowbrook Insurance Group Inc., a specialty property and casualty insurance holding company based in Southfield, Michigan, and ProCentury Corporation, a Columbus, Ohio-based specialty property and casualty insurance holding company, announced Monday that shareholders of both companies have approved their merger. Robert Cubbin, president and CEO of Meadowbrook Insurance Group Inc., and Edward Feighan, chairman and CEO of ProCentury Corporation, jointly made the announcement.

Meadowbrook and ProCentury announced plans to merge in February 2008 and expect the transaction to close in the third quarter of 2008, pending receipt of remaining regulatory approvals and other customary closing conditions.

"We are very pleased that we have received strong support for the merger from the shareholders of both companies," stated Cubbin. "The Meadowbrook and ProCentury management teams have been working together diligently to insure a smooth transition to form one cohesive organization. Many initiatives are underway to develop the numerous growth opportunities created by this merger of two strong, experienced and disciplined operations."

Added Feighan, "We believe that the combined strengths of our two specialty lines insurance companies creates exciting opportunities for both companies' employees, agents and shareholders that did not exist before the merger."